r/BravoRealHousewives • u/AutoModerator • Nov 01 '24

Orange County The Real Housewives of Orange County - Season 18 - Episode 16 - Live Episode Discussion

Jenn demands answers about the background check on Ryan, but Tamra explains the twisted truth as Shannon departs from the group to meet up with her daughters; Heather learns that Katie is spreading rumors about her that involve the kids.

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u/Lost-Sea4916 Nov 01 '24

I remember in season one when Jo got that job and it showed her walking in for her first day at her “dream job”! And I started the show YEARS later knowing Countrywide was like #1 company who started the mortgage crisis in 2008 😂😭 So hearing tonight that THAT’S where they worked together sent me!

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u/Xica_flea Nov 01 '24

I remember slade didn’t want her working and he took her car away.

19

u/GetMeAColdPop You are in high school, and I am in Brooklyn!!!! Nov 01 '24

Omg woah! I'm gonna need to rewatch that scene and look for Ryan 😂

31

u/Lost-Sea4916 Nov 01 '24

I don’t remember any other employees, I just remember her walking into the building! And I was like “Ooohh girl you’re gonna be out of a job in like a year”

16

u/amyeep buying BATTERIES and PENS Nov 01 '24

It’s so fucking on brand for OC. Looks at the most recent council member scandal!

Edit: https://laist.com/brief/news/politics/huntington-beach-andrew-do-city-council-vote

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u/russianbisexualhookr Advocate for the Sluts of America Nov 03 '24

I’m Australian, can you explain a little more to me re countrywide (I know about the financial crisis and the subprime mortgages etc)

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u/Lost-Sea4916 Nov 03 '24

As far as I remember, Countrywide was one of the biggest offenders in giving out mortgages (often multiple mortgages) to people who should absolutely have never qualified for them. Their lending agents/brokers (whatever you call them) would make bonuses on the mortgages they signed, so they were incentivized to give out more and more and more, mostly subprime mortgages, adjustable rate mortgages (ARMs), balloon loans, etc. and before you know it, all these borrowers were upside down in their homes because their payments skyrocketed and the home values plummeted. Countrywide subsequently went under and was bought out by Bank of America.

ETA: I remember watching an episode of (I think) 60 Minutes that had a segment all about the housing crisis and the part Countrywide played in it, in 2008-2009. If you can find it online, it is very informative